Ryan Farkas, Managing Director and Partner
Published: July 12, 2021
Updated: July 12, 2021
BDO Canada’s M&A and Capital Markets team is pleased to announce that Wesbell Technologies and Wesbell Investment Recovery (Wesbell or the Company) have closed a majority equity investment led by FirePower Equity, with Credit Mutuel Equity and Trilogy Capital. The transaction closed in June 2021.
Wesbell provides cell tower engineering, site acquisition, steel fabrication, installation, and investment recovery services to a variety of carrier, broadcast, and corporate clients. The company has operations across Canada and the Eastern and Midwestern United States, with over 300 employees and a client base that includes most of the major providers. The company plans to aggressively grow its footprint in Canada and into the West Coast of the United States, and to pursue targeted M&A opportunities. Congratulations to Wesbell, FirePower Equity, Credit Mutuel Equity, and Trilogy Capital on the completion of this transaction.
BDO Canada M&A and Capital Markets acted as exclusive financial advisor to Wesbell, assisting the Company’s shareholders throughout the entire divestiture process.
"We sincerely appreciate all of the help the BDO team provided from start to finish through the M&A journey. Their knowledge and professionalism allowed us as shareholders to navigate a complex deal with many moving parts and feel confident that we had the support we needed to protect our interests and ensure the right result. I wouldn’t hesitate to recommend the BDO team for any owner looking to evaluate their options and pursue an M&A transaction."